Axis Bank was the top gainer in
the Sensex pack, rallying over 4 per cent, followed by ICICI Bank, UltraTech
Cement, HUL, SBI, PowerGrid, Bajaj Auto and Reliance Industries.
NSE Nifty jumped 143.65 points to 14,485.
Equity
benchmark Sensex rallied 508 points on Monday, tracking gains in index majors
ICICI Bank, Reliance Industries and Axis Bank amid a mixed trend in global
markets.
The 30-share BSE index
ended 508.06 points or 1.06 per cent higher at 48,386.51.
Similarly, the broader NSE
Nifty jumped 143.65 points or 1 per cent to 14,485.
Axis Bank was the top
gainer in the Sensex pack, rallying over 4 per cent, followed by ICICI Bank,
UltraTech Cement, HUL, SBI, PowerGrid, Bajaj Auto and Reliance Industries.
On the other hand, HCL
Tech, HDFC Bank, Maruti, Sun Pharma and TCS were among the laggards.
"Domestic equities
shrugged off rising COVID-19 cases and rebounded mainly led by sharp recovery
in financials," said Binod Modi, head strategy at Reliance Securities.
Barring pharma, most of key
sectoral indices traded in green. Strong March quarter performance led ICICI
Bank to recovery sharply, while HCL Technologies witnessed sell-off due to
subdued 4Q performance, he added.
With 352,991 people
testing positive for coronavirus infection in a day, the highest so far,
India's total tally of COVID-19 cases has climbed to 1,73,13,163 while active
cases have crossed the 28-lakh mark, according to the Union health ministry
data updated on Monday.
Elsewhere in Asia, bourses
in Shanghai and Hong Kong ended in the red, while Tokyo and Seoul were in the
positive terrain.